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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FITB
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Stronger technical forecast for Fifth Third Bancorp stock price after Friday trading.
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 19, 2024 Gain 3.61% PDF

The Fifth Third Bancorp stock price gained 1.82% on the last trading day (Friday, 3rd May 2024), rising from $36.89 to $37.56. During the last trading day the stock fluctuated 1.31% from a day low at $37.28 to a day high of $37.77. The price has risen in 7 of the last 10 days and is up by 3.61% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately $149.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.10% during the next 3 months and, with a 90% probability hold a price between $37.93 and $42.01 at the end of this 3-month period.

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FITB Signals & Forecast

Mostly positive signals in the chart today. The Fifth Third Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.96 and $36.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Fifth Third Bancorp stock

Fifth Third Bancorp finds support from accumulated volume at $36.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.490 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $36.20 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (FITB) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Fifth Third Bancorp to open at $37.54, and during the day (based on 14 day Average True Range), to move between $36.70 and $38.42, which gives a possible trading interval of +/-$0.86 (+/-2.29%) up or down from last closing price. If Fifth Third Bancorp takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $36.37, some $1.19 (3.17%) from the current price of $37.56, our system finds the risk reward attractive.

Is Fifth Third Bancorp stock A Buy?

Fifth Third Bancorp holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.655 Strong Buy Candidate Upgraded

Predicted Opening Price for Fifth Third Bancorp of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$37.54 ( 0.0621%) $37.56

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FITB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 38.03 1.24 %
R2 37.84 0.744 %
R1 37.72 0.436 %
Current price: 37.56
Support S1 37.35 -0.560 %
S2 37.23 -0.87 %
S3 37.05 -1.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 37.56
Support S1 36.37 -3.17%
S2 36.25 -3.49%
S3 35.24 -6.18%

FITB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 27, 2024 Apr 15, 2024 $0.350 1.01%
2 Dec 12, 2023 Dec 28, 2023 Jan 16, 2024 $0.350 1.04%
3 Sep 11, 2023 Sep 28, 2023 Oct 16, 2023 $0.350 1.42%
4 Jun 13, 2023 Jun 30, 2023 Jul 17, 2023 $0.330 1.21%
5 Jun 13, 2023 Jun 29, 2023 Jul 17, 2023 $0.330 1.21%

FAQ

What is the symbol for Fifth Third Bancorp Stock and on which exchange is it traded?
The symbol for Fifth Third Bancorp is FITB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Fifth Third Bancorp Stock?
Fifth Third Bancorp holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Fifth Third Bancorp Stock?
Fifth Third Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fifth Third Bancorp Stock.

What's the current price of Fifth Third Bancorp Stock?
As of the end of day on the May 03, 2024, the price of an Fifth Third Bancorp (FITB) share was $37.56.

What is the 52-week high and low for Fifth Third Bancorp Stock?
The 52-week high for Fifth Third Bancorp Stock is $37.77 and the 52-week low is $22.47.

What is the market capitalization of Fifth Third Bancorp Stock?
As of the May 03, 2024, the market capitalization of Fifth Third Bancorp is 25.674B.

When is the next earnings date for Fifth Third Bancorp?
The upcoming earnings date for Fifth Third Bancorp is Jul 18, 2024.
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About Fifth Third Bancorp

Fifth Third Ban Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated fina... FITB Profile

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